Northern Trust Corp Has $6.48 Million Stock Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Northern Trust Corp increased its position in NB Bancorp, Inc. (NASDAQ:NBBK - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 358,539 shares of the company's stock after purchasing an additional 15,985 shares during the period. Northern Trust Corp owned 0.84% of NB Bancorp worth $6,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NBBK. Rhumbline Advisers lifted its holdings in shares of NB Bancorp by 44.4% in the 4th quarter. Rhumbline Advisers now owns 77,677 shares of the company's stock worth $1,403,000 after purchasing an additional 23,870 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of NB Bancorp by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,629 shares of the company's stock valued at $1,835,000 after acquiring an additional 7,408 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of NB Bancorp by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 319,436 shares of the company's stock worth $5,769,000 after acquiring an additional 4,138 shares during the period. Victory Capital Management Inc. lifted its position in NB Bancorp by 23.4% in the 4th quarter. Victory Capital Management Inc. now owns 118,119 shares of the company's stock valued at $2,133,000 after purchasing an additional 22,366 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in NB Bancorp by 47.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 18,797 shares of the company's stock valued at $339,000 after purchasing an additional 6,047 shares during the period.

NB Bancorp Stock Performance

NASDAQ NBBK traded down $0.11 on Friday, hitting $16.78. The stock had a trading volume of 137,956 shares, compared to its average volume of 253,123. The company's 50-day moving average is $17.26 and its two-hundred day moving average is $18.41. The stock has a market cap of $680.76 million, a price-to-earnings ratio of 15.68 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. NB Bancorp, Inc. has a one year low of $14.20 and a one year high of $21.05.

NB Bancorp (NASDAQ:NBBK - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.35 earnings per share for the quarter, hitting analysts' consensus estimates of $0.35. The firm had revenue of $47.39 million during the quarter, compared to analysts' expectations of $44.50 million. NB Bancorp had a net margin of 13.86% and a return on equity of 6.04%. On average, analysts expect that NB Bancorp, Inc. will post 1.39 earnings per share for the current year.

Insider Buying and Selling

In other NB Bancorp news, CEO Joseph P. Campanelli bought 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $976,250. This represents a 3.77% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francis Orfanello purchased 5,000 shares of the stock in a transaction dated Tuesday, April 29th. The shares were acquired at an average price of $17.09 per share, for a total transaction of $85,450.00. Following the acquisition, the director now directly owns 130,237 shares of the company's stock, valued at $2,225,750.33. This represents a 3.99% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 7,500 shares of company stock worth $130,320 in the last three months. 1.90% of the stock is currently owned by insiders.

About NB Bancorp

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.